PRESS DIGEST-Financial Times - Feb 14
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- Yodel to be sold off in latest unwinding of Barclay family interests - The Body Shop appoints administrators for UK business
- China's Temu grabs suppliers ditched by rival Shein over factory standards - Airbnb plans $6bn in new share buybacks as it looks to 'reinvent' itself
Overview - Parcel delivery company Yodel is to be sold to a consortium that includes the owner of logistics group Tuffnells in the latest unwinding of the debt-laden financial interests of the Barclay family.
- The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a 207 million pounds deal. - Chinese online marketplace Temu is scooping up manufacturers of cheap goods that had once worked with Shein, as its fast-fashion rival moves to clean up its supply chain ahead of a planned blockbuster US listing.
- Holiday rental platform Airbnb launched a $6 billion share buyback programme as it said 2024 would be an "inflection point" for its business. (Compiled by Bengaluru newsroom)
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